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Analyzing Heico's Ex-Dividend Date

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Heico (NYSE:HEI) declared a dividend payable on January 21, 2021 to its shareholders as of December 21, 2020. It was also announced that shareholders of Heico's stock as of January 7, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. Heico has an ex-dividend date planned for January 6, 2021. The company's current dividend payout sits at $0.08. That equates to a dividend yield of 0.12% at current price levels.

What Is An Ex-Dividend Date?

Ex-dividend dates signal when company shares cease to trade with their current dividend payouts. There is a small intermission period before companies announce new dividends. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Most ex-dividend dates operate on a quarterly basis.

Understanding Heico's Dividend Payouts And Yields

Over the past year, Heico has experienced an overall upward trend regarding its dividend payouts and a downward trend regarding its yields. Last year on January 2, 2019 the company's payout was $0.07, which has since grown by $0.01. Heico's dividend yield last year was 0.17%, which has since decreased by 0.05%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

Click here to find details on Heico's previous dividends.

 

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Posted-In: BZI-ExDivDividends

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